U.S. banking regulators seeking to prevent another global financial meltdown are set to impose new minimums for capital amid predictions that smaller lenders will get easier terms.
Jacob Smith, a 25-year-old Florida firefighter, wasn’t paying much attention to the U.S. government shutdown until it threw his move to a new three-bedroom home near Daytona Beach into limbo.
President Barack Obama will have a stronger hand to push through environmental, financial and other regulations after the Senate voted to let a simple majority confirm most presidential nominees.
"It would be a political bloodbath on the committee if there was a serious challenge to Hensarling."
- Jaret Seiberg on Oct 22, 2014